Second Lien Security Interest definition

Second Lien Security Interest in all right, title or interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (but excluding any Excluded Collateral, collectively, the “Second-Lien Collateral”):

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Second Lien Security Interest. This includes other security interests even if junior in right to the security interests granted under this Agreement.

Second Lien Security Interest has the meaning assigned to such term in Section 3.01(a).

Examples of Second Lien Security Interest in a sentence

Secured Party hereby expressly consents to the Second Lien Security Interest.
Grantor will not sign or authorize the signing on its behalf of any financing statement naming it as Grantor covering all or any portion of the Collateral except for financing statements relating to the Second Lien Security Interest.
No Person other than Secured Party and, with respect to the Second Lien Security Interest, Second Lien Creditor, has control over any Collateral.
Grantor has good and valid rights in and title to the Collateral, free and clear of all liens, security interests and other encumbrances (other than the Second Lien Security Interest [as such term is defined in Section 4.2 hereof]), and has full power and authority to grant to Secured Party the security interest in the Collateral.
No financing statement describing all or any portion of the Collateral has been filed in any jurisdiction other than those which reflect the security interest created by this Agreement or any financing statement now or hereafter filed with respect to the Second Lien Security Interest.
Each of the Subordinated Note Purchasers appoints and authorizes Sankaty Advisors, LLC to act for the Subordinated Note Purchasers as the Second Lien Collateral Agent in connection with the granting of a Second Lien Security Interest in the Collateral as contemplated by this Agreement and the Collateral Documents on the terms set forth in the Collateral Documents.
The Second Lien Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral, other than (A) Liens created by the First Lien Documents and Second Lien Documents and (B) Liens expressly permitted pursuant to Section 4.13 of the Second Lien Note Indenture.
When financing statements have been filed in the appropriate offices against Debtors, the Secured Party will have a fully perfected security interest in that Collateral in which a security interest may be perfected by filing, subject only to the Credit Facility Security Interest, Second Lien Security Interest and Permitted Liens under (and as defined in) the Indenture.

More Definitions of Second Lien Security Interest

Second Lien Security Interest shall have the meaning assigned to such term in Section 3.01.

Second Lien Security Interest means a valid and enforceable perfected security interest under the Uniform Commercial Code in the Collateral which is subject only to Permitted Liens; provided however that the Holders acknowledge that the security interest granted to Holders by the Obligors on the Non-Perfected Collateral shall not be perfected.

Second Lien Security Interest in the Collateral pursuant to that certain Security Agreement, dated as of the date hereof (the “Second Lien Security Agreement”), in favor of the Second Lien Agent (as defined in the Intercreditor Agreement); and

Second Lien Security Interest means any Lien on the Second Lien Collateral granted in favor of the Collateral Agent for the benefit of the Second Lien Claimholders, including under Section 3(ii) of the Security Agreement.

Second Lien Security Interest and together with the First Lien Security Interest, the "Security Interest").